Title: The controversial succession of Rupert Murdoch: Lachlan Murdoch, the new face of the media empire
Introduction :
The transfer of power within the giant media empire, News Corp and Fox Corporation, was formalized recently. Lachlan Murdoch, eldest son of media mogul Rupert Murdoch, will take the reins of the company in November. This succession marks a new stage in the rise of Lachlan, who has experienced a tumultuous trajectory to reach this position. This article explores the journey of Lachlan Murdoch, the challenges he faced and the controversies surrounding this media empire.
A complex heritage:
Lachlan Murdoch inherits a media empire worth an estimated $22 billion, including many major newspaper titles, a publishing house and a real estate advertising business. His role as honorary chairman of News Corp and Fox Corporation represents a significant challenge, given the stature of these companies and the influence they wield in the global media landscape.
Family rivalries and complex relationships:
Lachlan Murdoch’s rise has not been a linear journey. Between intra-family rivalries and conflicting relations with his father, he had to face numerous obstacles to be recognized as legitimate successor. In 2005, after holding senior positions within the group, Lachlan suddenly resigned and returned to live in Australia, making way for his younger brother James. The differences between father and son over the management of the group were singled out as the main cause of this decision.
Back to business:
After nearly a decade away, Lachlan Murdoch is making a notable return to the family business. He holds key positions within the group, including non-executive co-chairman of News Corp and executive chairman of 21st Century Fox. In 2019, he became Chairman and CEO of Fox Corporation following Disney’s acquisition of 21st Century Fox. This return to business demonstrates his determination to regain his place within the family media empire.
Persistent controversies:
The media empire run by Rupert Murdoch, and now Lachlan Murdoch, is not without controversy. Media owned by News Corp and Fox Corporation are sometimes accused of promoting populism, particularly through their support for Brexit and Donald Trump. The conservative positions of these media outlets also attract criticism, particularly with regard to their climate-skeptical coverage. Lachlan Murdoch will have to face these controversies and try to restore the image of these companies.
Conclusion :
Rupert Murdoch’s succession by his eldest son Lachlan marks a turning point in the media empire of News Corp and Fox Corporation. Despite the turbulence and challenges he has faced, Lachlan Murdoch is now at the head of a powerful media group. His journey, marked by family rivalries and controversies, highlights the issues facing media companies today. The future of the Murdoch empire now lies in Lachlan’s hands, and it will be interesting to see how he shapes the future of these influential companies in the global media landscape.